Company savings schemes (save-as-you-earn)

Employees may save a maximum 613 euro a year tax-free under the company savings schemes. This money is frozen for four years and then made available to the employee. Employees who save via the company savings scheme may not also participate in the life course savings scheme in the same year. It is possible to withdraw money from both schemes in the same year. There are no restrictions on what the money saved via the company savings schemes may be spent on.